Vascular Grafts Market Overview:
This market covers vascular grafts that are used to treat different types of aneurysms. These vascular grafts, commonly made from polyesters or ePTFE, are used for hemodialysis vascular access and endovascular aneurysm & thoracic aneurysm repair. This market is expected to reach USD 3.80 Billion by 2022 from USD 2.67 Billion in 2017, at a CAGR of 7.3%. Factors driving the growth of the vascular grafts market include rising demand for endovascular aneurysm repair procedures, increasing incidences of end-stage renal disorders, and growing geriatric population.
Based on raw material, the Vascular Grafts Market is segmented into polyester grafts, ePTFE grafts, polyurethane grafts, and biosynthetic grafts. Polyester grafts segment is likely to dominate this market in 2017 and this segment is also estimated to register the highest CAGR during the forecast period. The high growth of this segments is primarily attributed to the high adoption of polyester by market players in the manufacturing of vascular grafts and the various advantages offered by this raw material, such as high patency, high porousness, and long lifespan.
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The vascular grafts market is projected to reach USD 3.80 billion by 2022 from USD 2.67 billion in 2017, at a CAGR of 7.3%. The major factors driving the growth of this market are the high burden of abdominal aneurysms, increasing geriatric population, and increasing prevalence of smoking & other risk factors that promote aneurysm.
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Segmentation:
“By raw material, the polyester grafts segment to hold the largest market share during the forecast period.”
The polyester grafts segment is expected to hold the largest market share, mainly due to the high use of this material in vascular grafts and its long lifespan. This segment is also estimated to register the highest CAGR during the forecast period.
“By indication, the endovascular aneurysm repair segment to record the highest CAGR and to retain the largest share in the market.”
The growth of this segment is mainly driven by the rising adoption of endovascular aneurysm repair surgical procedures, increasing preference for minimally invasive surgical procedures over open surgeries, and growing geriatric population.
“By end-user, the hospitals segment is expected to grow at the highest CAGR during the forecast period.”
The hospitals segment is expected to grow at the highest CAGR during the forecasted period. The high growth of this segment is attributed to factors such as the rising number of minimally invasive surgical procedures in hospitals & cardiac centers and the favorable reimbursement scenario in most developed countries.
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Key Players:
Key players operating in this market are B. Braun (Germany), C. R. Bard (US), Cardinal Health (US), Cook Medical (US), Endologix (US), LeMaitre Vascular (US), Medtronic (Ireland), Maquet (Germany), Terumo (Japan), and Gore Medical (US).
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